India, March 26 -- The government has strengthened financial assistance through various loan schemes targeting entrepreneurs, farmers, small businesses, and startups. Key initiatives include the Pradhan Mantri Mudra Yojana (PMMY), offering collateral-free loans up to Rs 20 lakh, and the Stand Up India (SUPI) scheme, providing loans from Rs 10 lakh to Rs 1 crore for SC/ST and women entrepreneurs.
A new scheme, inspired by the success of SUPI, will launch under the Union Budget 2025-26, providing term loans of up to Rs 2 crore for 5 lakh first-time entrepreneurs from marginalized groups over the next five years. Additionally, the Kisan Credit Card (KCC) scheme has increased its loan limit from Rs 3 lakh to Rs 5 lakh, with an effective intere...